The citys only internal service fund, a print shop fund, is included in the proprietary funds statements. Prepare necessary adjustments in order to incorporate the internal service fund in the government-wide statements as a part of governmental activities: - 3 Separate entries

• Exclusive of the interest expense, the internal service fund reported operating income from interfund transactions of $120,000 for the current year. An examination of the records indicates that services were provided to general government departments.
• Balance sheet accounts include: Current Assets, $400,000; Capital Assets, $1,000,000; Accumulated Depreciation, $500,000; Accounts Payable, $150,000; Bonds Payable, $500,000; Net Assets, $250,000 as of year end.
• The only transaction in the internal service fund during this year that is external to the government is interest expense in the amount of $60,000.